24 Oct Portugal Golden Visa
Portugal Golden Visa: Benefits, Convenience and Flexibility
The Portugal Golden Visa Program started in 2012 with the aim to promote foreign investments. Since 2012, more than 4200 golden visas have been issued with an aggregate of more than EUR 2.5 billion in investments. Undoubtedly, the Golden Visa Program has been a substantial source of job creation and growth in many parts of Portugal which were underdeveloped before the start of this Program.
Availability of Multi-optional Investments
Another aspect of this Portugal Investment Visa Programme that makes it flexible and appealing to prospective investors is the availability of multiple options for making investment into the Portuguese economy and Real Estate Market.
Investor may choose to make a capital transfer of at least €1,000,000 in Portugal Economy. A reduced Investment option of €350,000 is available if investment is to incorporate/increase share capital in a company based in Portugal and create 5 permanent jobs in turn. Another reduced investment option is investing at least €350,000 in investment/venture capital fund which meet certain requirements.
Investment of at least €500,000 can also be done in real estate acquisition. The real estate could be in any form, be it agricultural, commercial, residential or luxurious. In real estate investment as well there is an option for reduced investment of at least €350,000 in rehabilitation work of real estate properties constructed at least 30 years ago.
Another option that interested investors can go for is investment of at least €250,000 to support artistic recovery/maintenance/production of national cultural heritage.
Investment by transfer of capital of at least €350,000 in research carried out by public or private scientific research institutions that are part of the national scientific and technological system is another option with the Investor.
Easy Transition from Temporary Residency to Citizenship
If qualified, holders of the visa are given Portugal temporary residence permit in Portugal for one year in which holder has to reside for a total of 7 days. It is renewable after that for two two-year periods in which the investor has to reside in Portugal for a total of 14 days for each such period. After spending 5 total years as temporary resident of the country, the resident can apply for permanent residence of Portugal. Thereupon after 6 years of holding golden visa the resident is entitled to Citizenship of Portuguese Republic.
Why to opt for Portuguese Golden Visa Programme/Benefits of Portugal Golden Visa?
The Investor residence permit of Portugal that an investor receives comes with a number of benefits. A few of such benefits of Portugal investor visa are:
- Visa free travel to 26 Schengen countries.
- Minimum stay requirements. Only 7 days in a year.
- Straightforward and multi-faceted investment options.
- Very few documents required.
- Applications have priority processing.
- Does not need to live in Portugal, but can continue to live in country of residence.
- Fully extendible to direct family members without further investment. Direct family members include dependent children and dependent parents of main applicant and spouse.
- Can live & work in Portugal, even with residency in a different country.
- Access to Portuguese Public Services, including health and education.
For inquiries related to Portugal residency/ Portugal Golden Visa Program, you may contact us at inquiries@arcumglobal.com